Annual reportSep 2026
Sep 2026 · Copy of Newspaper Publication 3 Sep - AGM notice and annual report dispatched; 14th AGM on September 25, 2026 at 4:00 PM via VC.
Source: Nse
Madhav Copper Limited (MCL)
Small CapMetals stocks · Small cap · NSE
Madhav Copper Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:50 pm ISTDetails
Quote21 Oct, 03:50 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:13 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
29Bearishfull bear SMA stack · SMA20 -3.5% / mo · MACD −
Stock trend: 19
Sector RS: 44
Sector 3M: -5.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MCLD candles · FIT view-12.3%Latest close ₹51.77 on 2026-10-21
Bar
-1.4%
RSI
37
MACD hist
-0.30
52W pos
19%
2026-10-21O ₹52.50H ₹53.33L ₹50.56C ₹51.77Vol 38,564 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MCLNifty MetalNifty 500
- MCL
- -2.3%
- Nifty 500
- -6.5%
- Nifty Metal
- -6.1%
- Vs Nifty 500
- +4.2 pp
Chart stats
21 Oct 2026- From 52W high
- -44.5%
- 52W range position
- 19%
- ATR (14)
- 5.3%
- Volume vs 20D
- 0.61x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹50.6 - ₹63.7
₹93.2
₹42 - ₹93.2
₹2.7
Latest completed session
20-session average
46.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED19
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +73.7% · PAT +1.0% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model-289.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence75
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 32/100margin compression · Rev +74% YoY · PAT +1% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹80.3 Cr | +73.7% | -4.5% |
| EBITDA | ₹2.9 Cr | +43.6% | -32.6% |
| Operating margin | 3.6% | -76 bps | -151 bps |
| PAT | ₹1.1 Cr | +1.0% | -63.9% |
| PAT margin | 1.3% | -94 bps | -215 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 31.30
- P/B
- 2.82
- EV/EBITDA
- 14.00
- Market Cap
- 141.00Cr
Profitability
- ROE
- 9.36%
- ROCE
- 12.60%
- ROA
- 4.42%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -9.00%
- EPS 5Y
- 1.00%
- Revenue 3Y
- 45.00%
- EPS 3Y
- 45.00%
Balance Sheet
- Debt/Equity
- 0.80
- Interest Coverage
- 2.75×
- Altman Z
- 4.68
- Book Value
- 18.50
Cash Flow
- FCF Yield
- 4.26%
- FCF Positive Y
- 5/5
- OCF
- 6.00 Cr
- EPS TTM
- 1.67
Shareholding
- Promoter Hold
- 65.21%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 20%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 80.3-4.5% vs prev
Net Profit
₹ CrLatest: 1.1-63.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.7% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 44% off 52W high · 23% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
63
RS percentile
Stage 4 Downtrend
1M return
-7.1%
3M return
-2.3%
6M return
-13.6%
1Y return
+3.9%
RS 1D
+2
RS 20D
+24
Sector rank
#6
Industry rank
#13
Stage evidence
- Price is 10.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.9%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 89.44-0.30%
RS vs Nifty 50089
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth5/25
Quality3/20
Balance Sheet7/15
Cash Flow9/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
19
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
19/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 4.3%.
- Cash flow contributes 9/10 to the score.
- Balance sheet contributes 7/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -289.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
31.3
PB
2.8
EV/EBITDA
14.0
ROE
9.4%
ROCE
12.6%
FCF Yield
4.3%
Debt/Equity
0.8
MoS
-289.3%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
19
Previous: 19
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-289.3%
Previous: -289.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹26.37
-98.8% MoS
Growth-justified P/E
8.1
Growth-justified Value
₹13.46
-289.3% MoS
PEG
19.56
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SMLT
Small
Sarthak Metals Limited
Mining
match 95
17
21.9
3.8%
-469%
OVERVALUED
SHYAMCENT
Small
Shyam Century Ferrous Limited
Mining
match 95
32
7.4
1.1%
-310%
WATCHLIST
RAJMET
Small
Rajnandini Metal Limited
Mining
match 93
10
40.7
-0.2%
-1610%
OVERVALUED
ZENITHSTL
Small
Zenith Steel Pipes & Industries Limited
Mining
match 93
15
26.4
—
-103%
OVERVALUED
PRAKASHSTL
Small
Prakash Steelage Limited
Mining
match 92
20
99.1
9.1%
-4075%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Madhav Copper Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
75Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 78th percentile of the scored universe and 79th percentile within Metals. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
78th percentile
overall median 67 · Metals: 79th pctile, median 70 · Small: 80th pctile, median 66
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
68
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 65.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.8%.
- ▸5 years of positive FCF.
Trust risks
- ▸Promoter holding fell 1.1%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Madhav Copper Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Shareholders meeting 2 Sep - 14th AGM on 25 Sep 2026; annual report released, with auditor and related-party approvals proposed.
Source: Nse
Annual report
Annual Report 2026
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.